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REGISTERED NUMBER: 11194711 (England and Wales)














HURACAN INVESTMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






HURACAN INVESTMENT LTD (REGISTERED NUMBER: 11194711)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HURACAN INVESTMENT LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: A C Bishop





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 11194711 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

HURACAN INVESTMENT LTD (REGISTERED NUMBER: 11194711)

STATEMENT OF FINANCIAL POSITION
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1 1
Investment property 6 10,180,000 10,430,000
10,180,001 10,430,001

CURRENT ASSETS
Debtors 7 687,449 711,060
Cash at bank 108,009 1,284,204
795,458 1,995,264
CREDITORS
Amounts falling due within one year 8 10,795,583 11,960,565
NET CURRENT LIABILITIES (10,000,125 ) (9,965,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,876

464,700

CREDITORS
Amounts falling due after more than one
year

9

(19,926

)

(29,693

)

PROVISIONS FOR LIABILITIES (38,114 ) (76,467 )
NET ASSETS 121,836 358,540

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Non-distributable reserves 10 114,343 325,990
Retained earnings 10 7,393 32,450
SHAREHOLDERS' FUNDS 121,836 358,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HURACAN INVESTMENT LTD (REGISTERED NUMBER: 11194711)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





A C Bishop - Director


HURACAN INVESTMENT LTD (REGISTERED NUMBER: 11194711)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Huracan Investment Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HURACAN INVESTMENT LTD (REGISTERED NUMBER: 11194711)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 1
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 10,430,000
Revaluations (250,000 )
At 30 June 2023 10,180,000
NET BOOK VALUE
At 30 June 2023 10,180,000
At 30 June 2022 10,430,000

Investment properties were valued on an open market basis on 30 June 2023 by the director.

If investment properties had not been revalued they would have been included at historical cost totalling £10,027,543.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 687,449 711,060

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 71,887 57,120
Other creditors 10,713,696 11,893,445
10,795,583 11,960,565

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,926 29,693

HURACAN INVESTMENT LTD (REGISTERED NUMBER: 11194711)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

10. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 July 2022 32,450 325,990 358,440
Profit for the year 67,296 67,296
Dividends (304,000 ) (304,000 )
Transfer between reserves 211,647 (211,647 ) -
At 30 June 2023 7,393 114,343 121,736

11. RELATED PARTY DISCLOSURES

Associated Company Loan Account
During the period there were transactions with an entity under common control. At the period end Huracan Investment Ltd owed £10,709,682 to the associated company. The loan is interest free and repayable on demand.